Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon

In
Reckless Endangerment, Gretchen Morgenson, the star business columnist of
The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.

Wells Fargo Fumbles Efforts to Repay Aggrieved Customers

"Wells Fargo Fumbles Efforts to Repay Aggrieved Customers" is from the February 10, 2018 Markets section of The Wall Street Journal. It was written by Gretchen Morgenson, Emily Glazer and narrated by Alexander Quincy.

The Rise and Decline of the Hedge Fund Billionaire

In the annals of the immensely wealthy, the hedge fund manager is a relatively new entry. It has been only about a decade since significant numbers of hedge fund managers, including Kenneth C. Griffin of Citadel, Paul Tudor Jones of Tudor Investment Corp., and Steven A. Cohen of Point72 Asset Management, began appearing on billionaire rankings.

"The Rise and Decline of the Hedge Fund Billionaire" is from the February 25, 2017 Business section of The New York Times. It was written by Gretchen Morgenson and narrated by Barbara Benjamin-Creel.

Wells Fargo Is Accused of Making Improper Changes to Mortgages

Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company’s mortgage business were putting through unauthorized changes to home loans held by customers in bankruptcy, a new class action and other lawsuits contend.

"Wells Fargo Is Accused of Making Improper Changes to Mortgages" is from the June 14, 2017 Business section of The New York Times. It was written by Gretchen Morgenson and narrated by Barbara Benjamin-Creel.

Regulator Blasts Wells Fargo for Deceptive Auto Insurance Program

Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn’t set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators.

"Regulator Blasts Wells Fargo for Deceptive Auto Insurance Program" is from the October 20, 2017 Business section of The New York Times. It was written by Gretchen Morgenson and narrated by Barbara Benjamin-Creel.

A Top Investor Is Tripped Up by a Bold Bet

A little over two years ago, William A. Ackman, one of Wall Street’s brashest and most self-assured hedge fund managers, was on top of the world. If Ackman were a stock, that might have been his peak.

"A Top Investor Is Tripped Up by a Bold Bet" is from the March 19, 2017 Business section of The New York Times. It was written by Gretchen Morgenson and Geraldine Fabrikant and narrated by Fleet Cooper.

Shut Down the Government, and This Time, Investors Will Care

In recent years, government shutdowns have become so common that markets have either embraced them or shrugged them off. But as investors absorb the possibility of a closure this fall, market tremors are likely to intensify, experts say.

"Shut Down the Government, and This Time, Investors Will Care" is from the August 25, 2017 Business section of The New York Times. It was written by Gretchen Morgenson and narrated by Keith Sellon-Wright.

Woes for ITT, a For-Profit School, Bode Worse for Its Students

"Woes for ITT, a For-Profit School, Bode Worse for Its Students" is from the June 10, 2016, Business section of The New York Times. It was written by Gretchen Morgenson and narrated by Barbara Benjamin-Creel.